Avantel Gives Thumbs-Down
To Big Regulatory Package

Dow Jones Newswires

Updated Sept. 23, 1998 12:01 a.m. ET

MEXICO CITY -- Avantel SA, a Mexican telecommunications company backed by MCI Worldcom Inc., rejected a broad regulatory package that aims to settle disputes that have plagued Mexico's long-distance industry since competition was introduced last year.

The package, scheduled to take effect Wednesday, enjoys the support of Telefonos de Mexico SA, the former state monopoly, and four Telmex competitors, including Alestra SA, which is...